Is PGA West, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, PGA West has remained a Seller's Market.
Key Takeaway
PGA West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in PGA West, CA
How much do homes in PGA West, CA cost?
Median Sold Price
$980,000
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in PGA West have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in PGA West was $980,000 in April 2024, up 2.3% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $540K | $570K | +5.6% |
| 3 Bedrooms | $897.5K | $924K | +3.0% |
| 4 Bedrooms | $1.6M | $1.6M | +6.1% |
| 5+ Bedrooms | $2.7M | $2.1M | -22.1% |
Summary: PGA West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 22.1%.
Housing Supply in PGA West, CA
How many homes are available in PGA West, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 83 | 101 | +21.7% |
Summary: The PGA West real estate market had 101 homes for sale in April 2024, a 21.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 22 | +57.1% |
| 3 Bedrooms | 57 | 66 | +15.8% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The PGA West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in PGA West, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in PGA West in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 73% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for PGA West, CA
How long does it take to sell a home in PGA West, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 64 Days | +20.3% |
Summary: Homes in PGA West had an average of 64 days on market in Apr 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in PGA West has remained consistent over time.
Summary: During April 2024, 22 homes were sold in PGA West; 18% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.